MBL Group PLC Result of reconvened Annual General Meeting (5773J)

TIDMMUBL

RNS Number : 5773J

MBL Group PLC

05 December 2018

MBL Group plc / Epic: MUBL / Index: AIM

RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

For immediate release

5 December 2018

MBL Group PLC

("MBL" or the "Company" or the "Group")

Result of reconvened Annual General Meeting

At the reconvened Annual General Meeting of the Company ("AGM") held this afternoon Resolutions 2 & 3, concerning the re-appointment of directors, were passed on a show of hands in the Meeting. Resolutions 4-9 were not passed on a poll.

The results of the poll are set out below:

 
    Resolution         Votes       %       Votes        %       Votes        % of       Votes 
                        for                against               total      issued     withheld 
                                                                             share      (Note) 
                                                                            capital 
 4. to re-appoint 
  the auditors       4,406,366   33.80    8,630,424   66.20   13,036,790     75.37%   1,467,822 
                    ----------  ------  -----------  ------  -----------  ---------  ---------- 
 5. to allow 
  the Directors 
  to agree 
  the auditors' 
  remuneration       4,406,526   30.37   10.101,419   69.63   14,507,945     83.88%           0 
                    ----------  ------  -----------  ------  -----------  ---------  ---------- 
 6. to approve 
  political 
  donations          2,506,667   17.28   12,001,118   82.72   14,507,785     83.88%         160 
                    ----------  ------  -----------  ------  -----------  ---------  ---------- 
 7. to authorise 
  the directors 
  to allot 
  shares 
  in the 
  Company            2,509,666   17.30   11,998,119   82.70   14,507,785     83.88%         160 
                    ----------  ------  -----------  ------  -----------  ---------  ---------- 
 8. to allow 
  dis-application 
  of pre-emption 
  rights             2,509,666   17.30   11,994,786   82.70   14,504,452     83.86%         160 
                    ----------  ------  -----------  ------  -----------  ---------  ---------- 
 9. to allow 
  the Directors 
  to make 
  purchases 
  of the 
  Company's 
  shares             2,509,666   17.30   11,994,786   82.70   14,504,452     83.86%         160 
                    ----------  ------  -----------  ------  -----------  ---------  ---------- 
 

Note: A 'vote withheld' is not a vote under English law and is not counted in the calculation of votes 'for' or 'against' a resolution.

As previously announced, following the appointment of administrators to Windsong International Limited on 15 June 2018, MBL became a Rule 15 Cash Shell under Rule 15 of the AIM Rules for Companies from that date. Within six months of becoming an AIM Rule 15 cash shell, the Company must make an acquisition or acquisitions which constitute(s) a reverse takeover under Rule 14 of the AIM Rules for Companies. In the event that the Company does not complete a reverse takeover under AIM Rule 14 within six months of becoming a cash shell, the Exchange will suspend trading in the Company's ordinary shares pursuant to AIM Rule 40 on 17 December 2018.

For further information visit www.mblgroup.co.uk

Contact:

 
 Anton Lane 
  James Reynolds    MBL Group plc              01454 777 831 
                    SPARK Advisory Partners 
                     Limited (Nominated 
 Mark Brady          Adviser)                  0113 370 8970 
 

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END

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December 05, 2018 10:51 ET (15:51 GMT)